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CGXU vs PJIO

Capital Group International Focus Equity ETF

CGXUBNYSE Arca

PGIM Jennison International Opportunities ETF

PJIOFNYSE Arca

Overlap

7.7%by weight

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

CGXU0.54%PJIO0.54%

Avg volume · 30D

CGXU 81.8×the volume

CGXU1MPJIO12.2K

CGXU vs PJIO Performance

Oct 31, 2025 – Oct 30, 2026

+7.8%CGXU−9.6%PJIO

Oct 31, 2025 to Oct 30, 2026. CGXU +7.8%. PJIO −9.6%. Use the arrow keys to read each point.0%20%Oct 2025Apr 2026Oct 2026
Expense ratio
CGXU 0.54%
PJIO 0.54%
Fund size
CGXU $6.59B
PJIO $59M
1Y total return
CGXU +7.8%, better
PJIO −9.6%
Yield (12M)
CGXU 5.37%, better
PJIO 0.20%
Holdings
CGXU 86
PJIO 37
Avg volume (30D)
CGXU 1M sh, better
PJIO 12.2K sh
NAV per share
CGXU $31.55
PJIO $59.67
52W range

ETF.net Grade

CGXU: Cost 76, Risk 43, Mission not scored, Tradability 63, Holdings 64, Durability 90. PJIO: Cost 76, Risk 23, Mission not scored, Tradability 55, Holdings 30, Durability 58.
Pillar letters and Scores for CGXU, PJIO, with each pillar’s weight
PillarCGXUPJIO
Cost30% weightA76A76
Mission25% weightNot scoredNot scored
Risk15% weightC43HigherF23
Tradability15% weightB63HigherB55
Holdings10% weightB64HigherD30
Durability5% weightA90HigherB58

Rank among International Active Growth funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CGXU and PJIO are both graded against the same 14 International Active Growth funds, so their Grades compare head to head.

International Active Growth⁠

Category · 14 funds
See all 14 ›

CGXU ranks 1st and PJIO 5th of 14 funds in the International Active Growth Category.

  1. Rank 1BCGXUCapital Group International Focus Equity ETFScore 66
  2. Rank 2BFFGXFidelity Fundamental Global ex-U.S. ETFScore 61
  3. Rank 5BFFDIFidelity Fundamental Developed International ETFScore 53
  4. Rank 5FPJIOPGIM Jennison International Opportunities ETFScore 53
  5. Rank 8CLOEVHarding Loevner International Developed Markets Select Equity ETFScore 45

Our read on each fund

ETF.net Research

CGXUBCapital Group International Focus Equity ETF

PJIOFPGIM Jennison International Opportunities ETF

In short

CGXU Launched in 2022, CGXU runs international growth on a short leash: roughly 80 developed- and emerging-market stocks picked bottom-up, at a fee below the typical active rival in its lane.

PJIO Jennison's concentrated international growth playbook, in an ETF: a compact book of non-U.S. stocks picked one at a time. PGIM has announced a rename and a fee cut to 0.54%, so read the current prospectus.

Stated mandate

CGXU The fund seeks long-term capital growth by investing primarily in international equities, including companies in developed and emerging markets. It uses active, bottom-up stock selection to pursue companies with attractive growth opportunities.

PJIO Seeks long-term growth of capital by investing primarily in non-U.S. companies, including issuers in emerging and frontier markets, using fundamental research and systematic portfolio construction.

Why people hold it

  • CGXU At 0.54%, the fee sits under the median for its active international growth cohort and well under rivals like BKCI (0.75%).
  • About 80 stocks spanning developed and emerging markets: conviction-sized picks in one ticket, no separate EM sleeve to bolt on.capitalgroup.com
  • Rates among the strongest implementations in its ten-fund group of active international growth funds.
  • A multi-billion-dollar fund that trades actively, which counts when the underlying stocks sit in markets that close before New York opens.
  • PJIO Real stock picking, not index-hugging: a non-diversified, high-conviction growth portfolio from Jennison Associates, which PGIM says has run equity strategies for over 50 years.pgim.com
  • The mandate reaches past the usual developed-market blue chips into emerging and frontier issuers, measured against the MSCI ACWI ex USA Index.
  • PGIM has announced an expense ratio cut to 0.54%, level with the cheapest active international growth funds in its peer set (CGXU at 0.54%, JIG at 0.55%).pgim.com

Worth knowing

  • CGXU Emerging markets ride alongside developed ones here, so currency moves and local politics are part of the package.capitalgroup.com
  • With roughly 80 names, each pick carries real weight; results track the managers' stock selection rather than broad index math.
  • Built around long-term capital growth, not cash flow: distributions land once or twice a year.
  • PJIO PGIM has announced a repositioning and rename to the PGIM Jennison Focused International Equity ETF, so the strategy described today may not match the one after the change.pgim.com
  • Non-diversified by design: a slip in one big holding lands harder than it would in a broad index fund, and growth styles can sit out of favor for long stretches.pgim.com
  • Small and lightly traded, so bid-ask spreads carry more weight here than at a mega-fund. Limit orders are the standard tool for that.

Full CGXU profile⁠

Full PJIO profile⁠

CGXU vs PJIO Holdings

How CGXU and PJIO differ

Overlap by weight

7.7%

Shared holdings make up 20.3% of PJIO and 7.7% of CGXU.

Level by level

  • Holdings6 in both7.7%
  • Countryby domicile57.3%
  • Sector10 Sectors62.5%
  • Asset classEquity100%

Sector

Sector weights in CGXU and PJIO, widest gap first
SectorMore in CGXUMore in PJIO
TechnologyPJIO +15.6 points
MaterialsCGXU +13.5 points
IndustrialsPJIO +11.7 points
FinancialsCGXU +10.5 points
CommunicationCGXU +6.8 points
Health CarePJIO +5.3 points
Consumer DiscretionaryPJIO +5.0 points
EnergyCGXU +3.3 points
UtilitiesCGXU +3.0 points
Consumer StaplesCGXU +0.4 points

Country, concentration and asset class

Country by domicile

Country weights in CGXU and PJIO, widest gap first
CountryMore in CGXUMore in PJIO
JapanCGXU +12.7 points
TaiwanPJIO +10.3 points
SwitzerlandPJIO +7.7 points
CanadaCGXU +7.4 points
NetherlandsPJIO +6.2 points
United StatesPJIO +6.0 points
South KoreaCGXU +5.4 points
FrancePJIO +4.6 points
Other countries (15)CGXU +9.5 points

Outside the US: CGXU 69% developed, 31% emerging. PJIO 72% developed, 28% emerging.

Concentration

Weight in the 10 largest Holdings

  • CGXU33.9%
  • PJIO52.6%

Securities held

  • CGXU77
  • PJIO26

Asset class

CGXU
Equity
PJIO
Equity

Holdings

  • Only in CGXU71
  • In both6
  • Only in PJIO20

Only in CGXU

71 securities, 89.1% of CGXU by weight

  • Taiwan Semiconductor Manufac Common Stock TWD10.06.56%
  • Softbank Group Corp Common Stock4.63%
  • First Quantum Minerals Ltd Common Stock4.48%

Only in PJIO

20 securities, 76.6% of PJIO by weight

  • Taiwan Semiconductor Manufacturing Co Ltd11.24%
  • Asml Holding NV7.53%
  • Galderma Group AG4.98%

Weight gaps

All 6 Holdings in both funds, largest gap first.

Holding weights in CGXU and PJIO, widest gap first
HoldingMore in CGXUMore in PJIO
Rolls Royce Holdings PLC Common Stock GBP.2RR.LPJIO +3.66 points
Industria De Diseno Textil Common Stock EUR.03PJIO +2.50 points
L Oreal Common Stock EUR.2PJIO +2.41 points
Samsung Electronics Co Ltd Common Stock KRW100.0PJIO +1.46 points
Standard Chartered PLC Common Stock USD.5STAN.LPJIO +1.42 points
Cie Financiere Richemo A Reg Common Stock CHF1.0PJIO +1.13 points

All 81 CGXU holdings⁠All PJIO holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CGXU vs PJIO Cost

Same expense ratio

$10,720

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CGXU 0.54%

    $10,720

  • PJIO 0.54%

    $10,720

$10,000
30 years

Cost over time

  • CGXU 0.54%
  • PJIO 0.54%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530CGXU $10,720PJIO $10,720

Year by year

YearCGXUPJIO
10$971$971
20$3,724$3,724
30$10,720$10,720

Expense ratio

  • 0.54%CGXU
  • 0.54%PJIO
  • Middle half of International Active Growth funds
  • Median 0.55%

CGXU 3rd cheapest of 14 funds

PJIO 3rd cheapest of 14 funds

CGXU vs PJIO Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CGXU 5.37%, better
PJIO 0.20%
Payout (12M)
CGXU $1.69
PJIO $0.12
Last payment
CGXU $0.41
PJIO $0.12
Ex-dividend
CGXU Jun 30, 2026
PJIO Dec 30, 2025
Paid on
CGXU Jul 1, 2026
PJIO Jan 2, 2026
Frequency
CGXU Twice a year
PJIO Irregular

Distribution history

Per share, 2022 to 2026, same scale for both

CGXUTwice a year · 9 paymentsAll CGXU payments⁠
One bar per payment. 9 payments from 2022 to 2026 YTD. Jun 29, 2022 $0.08; Dec 23, 2022 $0.12; Jun 29, 2023 $0.14; Dec 27, 2023 $0.10; Jun 28, 2024 $0.15; Dec 26, 2024 $0.10; Jun 30, 2025 $0.29; Dec 26, 2025 $1.27; Jun 30, 2026 $0.41. Use the arrow keys to read each point.$0$120232026YTD
PJIOIrregular · 2 paymentsAll PJIO payments⁠
One bar per payment. 2 payments from 2022 to 2026 YTD. Dec 27, 2024 $0.11; Dec 30, 2025 $0.12. Use the arrow keys to read each point.$0$120232026YTD

CGXU vs PJIO Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CGXU 15.3%PJIO 18.9%since Jan 2024
Return per unit of riskSharpe ratio, 3 years
CGXU 0.84PJIO 0.13since Jan 2024
Worst fallMax drawdown, 5 years
CGXU −25.6%since Feb 2022PJIO −19.4%since Dec 2023
Market sensitivityBeta, 5 years
CGXU 0.96PJIO 1.12

CGXU and PJIO in the news

All news⁠

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